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Singapore, Malaysia stocks rebound, tracking Wall Street

Singapore Exchange slumps as Indian bourses to snap data ties

KUALA LUMPUR (Nikkei Markets) -- Shares in Singapore and Malaysia began the week on a positive note, boosted by Friday's rebound in U.S. indexes. Singapore's Straits Times Index advanced 0.2% to 3,384.98 and Malaysia's FBM KLCI Index climbed 0.6% to 1,830.17, recovering from their worst weekly selloff in two years. Singapore's bourse operator, however, tumbled after three major Indian exchanges said they will stop providing data to their overseas counterparts.

U.S. equities managed to arrest their recent slide on Friday, with the S&P 500 Index rising 1.5% after another volatile session. Still, Friday's advance did not prevent the U.S. benchmark index from logging its biggest weekly fall in two years as concerns over rising long-term Treasury yields weighed on risk appetite.

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